Dear OKX Users,
We're excited to announce the launch of WCTUSDT perpetual contracts on April 15, 2025 at 7:30 PM (UTC+8) across web, mobile app, and API platforms. Additionally, WCT leverage trading and Easy Earn products will become available on April 17, 2025 at 12:00 PM (UTC+8). Below are the detailed specifications:
1. Leverage Trading and Easy Earn
- WCT will support USDT-margined leverage trading pairs
- Leverage tiers will be available post-launch (refer to margin position levels)
- Easy Earn quotas will be visible after launch (see savings product rules)
👉 Discover margin trading strategies
2. Perpetual Contract Specifications
| Contract Parameter | Details |
|---|---|
| Underlying Asset | WCT/USDT Index |
| Settlement Currency | USDT |
| Contract Face Value | 10 |
| Price Quotation | USDT price per 1 WCT |
| Minimum Price Movement | 0.0001 |
| Leverage Range | 0.01-20x |
| Funding Fee Calculation | Clamp(MA(...), -1.5%, 1.5%) |
| Funding Interval | 4 hours |
| Trading Availability | 24/7 |
Special Note: During initial launch (until April 16, 2025 00:00 UTC+8), funding rate caps will be temporarily set at 0.5% to ensure fair fee structures during potential price volatility periods. Regular 1.5% caps will resume thereafter.
Key Features
- Market-leading liquidity for WCT derivatives
- Competitive fee structure
- Robust risk management protocols
- Seamless cross-platform trading experience
👉 Explore perpetual contracts advantages
FAQ Section
Q: When can I start trading WCT derivatives?
A: Perpetual contracts begin April 15, 2025; leverage trading and Easy Earn start April 17, 2025.
Q: What leverage levels are available?
A: From conservative 0.01x up to 20x for experienced traders.
Q: How are funding fees calculated?
A: Based on the premium/discount to spot index, with protective caps during initial launch.
Q: Can I access these products on mobile?
A: Yes, all features are available across web, iOS, and Android platforms.
Conclusion
This launch demonstrates our commitment to expanding trading opportunities with innovative financial products. We encourage users to review all risk parameters before trading and stay updated through our official channels.
The OKX Team
April 15, 2025